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if you raise top rates back to where they were under clinton you can get $462 billion. if you do what joe suggested top rates you can only deduct 28 cents of each dollar that you have for charity you have $1 trillion tax increase on the top two brackets. more than half of the tax rate -- they file on the individual of the top brackets. should we be doing this? should we have $1 trillion of the new taxes. care tri marginal tax rate up to 40%. plus what the additional taxes. $1 trillion that are in new taxes on obamacare. most of them on the wealthy. plus, then, hit them on the deduction side. they will be paying top marginal rate of 40%. effective rate that is four or five or six rate ace head. >> bret: make believe you want to get to compromise. there is an easy way to get there. the president said i need $800 billion at revenue, there is a way to get there. let us not discriminate -- let's go simpson-bowles. let's let everybody decide how much they want to use for whatever deduction. maybe you want to use for education. maybe you want to use it for your home. maybe you
if you raise top rates back to where they were under clinton you can get $462 billion. if you do what joe suggested top rates you can only deduct 28 cents of each dollar that you have for charity you have $1 trillion tax increase on the top two brackets. more than half of the tax rate -- they file on the individual of the top brackets. should we be doing this? should we have $1 trillion of the new taxes. care tri marginal tax rate up to 40%. plus what the additional taxes. $1 trillion that are...
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the we in question is not bill clinton. bush and clinton. it started under bush. 300,000 civil servants. coming out of the civil service. people come out of employment in the economy as well. what you have to keep in mind, it's inevitable. we are in the drawdown. the reason to keep the defense budget night, not to keep them employed. the abbottabad national security . to the special interests. what happened to those people and how jobs are filled and the american economy? it depends on how the american economy is doing, not what the defense budget to the defense department's doing. reemployment happens quite quickly. new jobs created. increase the flow of money in the economy are reducing federal borrowing, it invested. that creates jobs. you have to view the economy as a system. you cannot just say defense dollars down, jobs down. that is not the way the economy works. >> guest: the critics of sequestration would point out the reduce the spending of the domestic side to radically, what you're going to get, in fact, is the potential for a se
the we in question is not bill clinton. bush and clinton. it started under bush. 300,000 civil servants. coming out of the civil service. people come out of employment in the economy as well. what you have to keep in mind, it's inevitable. we are in the drawdown. the reason to keep the defense budget night, not to keep them employed. the abbottabad national security . to the special interests. what happened to those people and how jobs are filled and the american economy? it depends on how the...
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do you think we're looking at bush versus clinton in 2016? >> i think the picture on the democratic side this far out, there's a little more clarity to it -- there's a lot more clarity than the republican side. if hillary clinton were to run in 2016 there are obviously no guarantees in life or politics, but within the democratic party for the democratic nomination, she will be a front-runner like we have never seen before. and i know we sort of said that about her in the run up to '08. she had two liabilities in '08 that were gone. she was considered too much of a polarizing figure. can she get independents to vote for her in the fall. the republicans who had been just relentless critics of her for 15 years in the '90s and the last decade, they have rolled over and lionized her as sort of this alternative 1i78 boll. this is the democrat we like. there's that and the other thing that dragged her down on the democratic side was the iraq war and i think largely that's forgotten now. i think her two big liabilities on the democratic side are gone
do you think we're looking at bush versus clinton in 2016? >> i think the picture on the democratic side this far out, there's a little more clarity to it -- there's a lot more clarity than the republican side. if hillary clinton were to run in 2016 there are obviously no guarantees in life or politics, but within the democratic party for the democratic nomination, she will be a front-runner like we have never seen before. and i know we sort of said that about her in the run up to '08....
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when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change dramatically. we have no way of knowing. but it's fun to talk about the possibility of hillary clinton running for president -- >> i'm excited about the prospect that she might run again. >> are you surprised the president once again today went to michigan? it looked like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this,
when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change...
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these documents show that secretary of state hillary clinton signed these papers making the declaration official, back on the 20th of last month. much more on this story out of syria next hour. >>> an american doctor kidnapped in afghanistan and what happens next involves around the clock negotiations and a dramatic act of courage by s.e.a.l. team six. i'm brooke baldwin. the news is now. the death of a pop star. ♪ a picture shows what happened moments before jenni rivera's plane crashed. plus, boys disappear from a reform school and are never heard from again. >> these are children who came here and died for one reason or another and quite literally have been lost in the woods. >> the answers may lie in this cemetery. and one governor floating the idea of setting tuition rates based upon your major. this may change college forever. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they
these documents show that secretary of state hillary clinton signed these papers making the declaration official, back on the 20th of last month. much more on this story out of syria next hour. >>> an american doctor kidnapped in afghanistan and what happens next involves around the clock negotiations and a dramatic act of courage by s.e.a.l. team six. i'm brooke baldwin. the news is now. the death of a pop star. ♪ a picture shows what happened moments before jenni rivera's plane...
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to run, so is this shaping up to a battle between biden and clinton? i know it's very far out, and you know politics better than anyone. >> it is very far out. >> the fact -- >> auz know -- >> she's got all this going for her right now. >> well, conventional wisdom generally gets disproven, but as the secretary clinton knows better than anyone, but there's no question, she has been on a roll for good reason. she's been extremely successful as secretary of state. she is someone who is known and respected around the world, so she has done a remarkable job, and she's done it in a way after a very tough campaign in 2008 that really is a best of what american politics can be about and should be about. that is, after a tough election, you move on to do what's right for the country, and she's done that. i don't think there's any limit to her potential, and that's going without saying based upon what she's succeeded at. on the other hand, you know, this is a very personal decision, as she knows better than anyone, because she's been through it, and she's lived
to run, so is this shaping up to a battle between biden and clinton? i know it's very far out, and you know politics better than anyone. >> it is very far out. >> the fact -- >> auz know -- >> she's got all this going for her right now. >> well, conventional wisdom generally gets disproven, but as the secretary clinton knows better than anyone, but there's no question, she has been on a roll for good reason. she's been extremely successful as secretary of state....
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dialogue with iran and i would even go back to the '90s, and i think that was also a mistake of the clinton administration, when they had the double containment, which i never thought made much sense. but the fact is that both parties have taken positions that have made it extremely difficult now to achieve negotiations. however i think rick is right. in my opinion, there is a solution out there, but we have an effect locked ourselves in and they have locked their selves and politically in a way that's going to make it very difficult. >> let's hope lets hope that you are both right in the solution that is out there somewhere. >> hi, my name is james wilson and i work in the historian's office in the united states series with my colleague elizabeth charles. we are putting together volumes of primary documents on the soviet union and arms control and you can actually look through a number of the old office files in the number of people in this room of great historical interest. my quick question is that in january 1989, new administration comes in and there are a number of people who had been
dialogue with iran and i would even go back to the '90s, and i think that was also a mistake of the clinton administration, when they had the double containment, which i never thought made much sense. but the fact is that both parties have taken positions that have made it extremely difficult now to achieve negotiations. however i think rick is right. in my opinion, there is a solution out there, but we have an effect locked ourselves in and they have locked their selves and politically in a...
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bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve would response to this. we need to scale back from the cliff. at the
bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability....
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why don't we raise the taxes on the top 2% back to clinton-era. >> stephanie: amy in illinois. hello, amy. >> hi, i love you guys. >> stephanie: i love you back. >> caller: my daughter's been doing her own little political protest. she was in the fourth grade. she refuses to say the pledge of allegiance so there's -- until there's equal rights are for marriage for everybody because she says she can't say liberty and justice for all if it isn't true. >> stephanie: oh! children are the future. >> that's totes adorns. ♪ i believe that children are our future ♪ >> stephanie: let's go to joe in pittsburgh. you're on "the stephanie miller show." hi joe. >> caller: actually, jesus did say gay is okay but in order to understand that, you have to understand the language of the times he was speaking. >> ancient -- >> gay people throughout the bible were referred to as natural-born eunicks. jesus identified three different. natural born, those by other men and those who made themselves for the kingdom of heaven's sakes. now, matthew 19 is often quoted -- >> stephanie: i thought unic m
why don't we raise the taxes on the top 2% back to clinton-era. >> stephanie: amy in illinois. hello, amy. >> hi, i love you guys. >> stephanie: i love you back. >> caller: my daughter's been doing her own little political protest. she was in the fourth grade. she refuses to say the pledge of allegiance so there's -- until there's equal rights are for marriage for everybody because she says she can't say liberty and justice for all if it isn't true. >> stephanie:...
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. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she's an easy target, then they have a problem with me. >> senator mccain. >> thank you very much, mr. secretary. >> senator john mccain jockingly gave the cabinet post nod to democrat john kerry. >> i think jeong kerry would be an excellent appointment and would be easily confirmed by his colleagues. >> kerry is also listed as a potential defense secretary to replace leon panetta. it's a list that includes michelle fornoy with the number three job at the pentagon. ashton carter is on the list and former nebraska senator chuck hagel on a republican could represent a reach across the aisle. >> we're in a much stronger position today as a country than we were in '07. >> treasury secretary tim geithner has said he will stay at his post until at least inauguration. his chief of
. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in libya. >> when they go after the u.n. ambassador because they think she's an easy target, then they have a problem with me. >> senator mccain. >> thank you very much, mr. secretary. >> senator john mccain jockingly gave the...
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is that secretary clinton's responsibility? >> well it seems that the president should have known about the level of recruitment going on for al qaeda-linked terrorists right in that area. it was a hotbed. it was really a center of recruiting right there in eastern libya. so i want to know why the president continued to speak of having al qaeda on the run when in fact that is not the case at all. we saw them getting stronger, more forceful and the story that he was telling the american people i think now is going to come out was a story to deceive the american people but certainly to mislead them. jon: you started off this segment by saying you believe that those hearings should be open. is there the possibility, maybe likelihood they will be closed? >> not if i have anything to do with it. i want to have open hearings on the record so the american people can hear the answers from the secretary of state. jon: senator john barrasso, republican, from wyoming. we'll look forward to the hearings and yes we do hope they're open. >>
is that secretary clinton's responsibility? >> well it seems that the president should have known about the level of recruitment going on for al qaeda-linked terrorists right in that area. it was a hotbed. it was really a center of recruiting right there in eastern libya. so i want to know why the president continued to speak of having al qaeda on the run when in fact that is not the case at all. we saw them getting stronger, more forceful and the story that he was telling the american...
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>>> hillary clinton buzz in overdrive. will one of the world's most powerful women go off the grid after her stint at secretary of state in order to set the stage for a 2016 run? >>> and canned. those aussie deejays are pulled off the air after their prank goes horribly wrong. uage all it with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> hi, everybody. good morning. i'm thomas roberts. topping the agenda today, on the road again. president obama wheels up at any moment now for his latest campaign style push to increase public pressure on republicans to let go of the tax breaks for the top earners. this time around, he's going to tour daimler's detroit diesel corporation. this comes after the president's most recent face to face with house speaker john boehne
>>> hillary clinton buzz in overdrive. will one of the world's most powerful women go off the grid after her stint at secretary of state in order to set the stage for a 2016 run? >>> and canned. those aussie deejays are pulled off the air after their prank goes horribly wrong. uage all it with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a...
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the clinton world is not sitting quietly, though. t "the new york times" kicked off what is likely to become a monthly exercise by somebody in the media. we may come up with a meter. probably throw in jeb in there, right? we should call it the hillary jebatron version 2016. probably jon stewart starting that up already. jodie cantor interviewed a number of clinton aides about future plans and strikingly a lot of them talked. while clinton has dozens of options when she leaves the state department, cantor makes a smart observation. she is a big constraint. the more serious she is about 2016 the less she can do. no frank, seen it all memoir, no clients, commissions that could prove problematic in the 2016 primaries or the general. instead cantor reports that secretary clinton is considering writing an upbeat look at her time as secretary of state. not a painful examination of her failed 2008 bid as she once proposed. likely to be quoted in a handful of clinton aides willing to go on the record with "the times" even when asked questions
the clinton world is not sitting quietly, though. t "the new york times" kicked off what is likely to become a monthly exercise by somebody in the media. we may come up with a meter. probably throw in jeb in there, right? we should call it the hillary jebatron version 2016. probably jon stewart starting that up already. jodie cantor interviewed a number of clinton aides about future plans and strikingly a lot of them talked. while clinton has dozens of options when she leaves the...
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we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then, we're wrong. it would be $165,000. so the point is, is that the difference between these two is $85,000. okay? is a 35% miss when it comes to being honest about it. oh, even worse let's take this. how many times, of course you've heard a million times, taxes on million favors and billionaires, even though, and i know this is adjusted, okay, but let's just keep it $250,000. well, 250 grand isn't a million. so it's off by 750-k over 1 million. okay? so, in essence, what we're doing is we're off on this one by 75%. we're off by 35% and 75%. so why am i doing this? because i'll tell you what, m
we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then,...
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clinton reportedly has a so many abstomach virus. she will take part with leaders on the syrian crisis. they recognize the syrian opposition as legitimate representatives of the people in that country. martha: accused colorado shooter james holmes is expected to be in court in under an hour today. this will be the first appearance for the man accused of killing 12 people in that horrific night in that crowded theater, and he reportedly tried to kill himself in his jail sell last month. alicia acuna live on this story from centennial, colorado. what is expected to happen in there today? >> reporter: good morning, martha. james holmes defense team is asking the judge to sanction the prosecution over leaks to the media, specifically that notebook we've heard so much about that james holmes sent to his university of colorado psychiatrist. defense attorneys charge that it was the prosecution that leaked the contents, and is calling witnesses today to track who handled it once it was discovered in the school's mailroom. the prosecution den
clinton reportedly has a so many abstomach virus. she will take part with leaders on the syrian crisis. they recognize the syrian opposition as legitimate representatives of the people in that country. martha: accused colorado shooter james holmes is expected to be in court in under an hour today. this will be the first appearance for the man accused of killing 12 people in that horrific night in that crowded theater, and he reportedly tried to kill himself in his jail sell last month. alicia...
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it was bush and clinton who did it. it started under bush in 1989 and. 300,000 civil servants, down from 1 million at the time. if the bulk of the active duty force structure, the civil service, would have to keep in mind is that it is inevitable because we are in a drawdown. that is about special interests. what happens to those people, and how jobs are fulfilled and the american economy depends on how the american economy is doing. not what the defense bar and is doing. if you have a growing economy creating jobs, reemployment happens quickly, new jobs created. if you increase the flow of money in the economy by reducing federal borrowing, that creates jobs. you have to view the economy as a system. you cannot say, defense dollars down, jobs down. guest: if you reduce the spending on the domestic side to radically it, too soon, what you're looking at is a second recession. the twitter comment is mostly right. if you did it over a protected. of time in a smoother curve, you might be able to ameliorate many of these job
it was bush and clinton who did it. it started under bush in 1989 and. 300,000 civil servants, down from 1 million at the time. if the bulk of the active duty force structure, the civil service, would have to keep in mind is that it is inevitable because we are in a drawdown. that is about special interests. what happens to those people, and how jobs are fulfilled and the american economy depends on how the american economy is doing. not what the defense bar and is doing. if you have a growing...
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they would be incapable of competing against hillary clinton if she decided to run in 2016. he said that on nbc's meet the press yesterday and that would be like trying to inwith the super bowl. he said if clinton decides to run, he is sure she would get the nomination although he joked that's the same thing he thought in 2008. the national minorah is lit. last night on the second day of hanukkah, south of the white house. rabbi shantob has kicked off that lighting for more than 20 years. we will have more bill press coming up for you after the break. as always, we are live in our chat room and would love to see you there. join us there at current.com/bill current.com/bill pass. we will see you on the other side of the break. [ music ] you're about to watch an ad viewer for capella university. matter. >> i work with adults with developmental disabilities. growing up i had a single mother of four and people in the community were so helpful when they didn't even have much themselves. seeing people and their hardships made me want to make a difference in people's lives to give
they would be incapable of competing against hillary clinton if she decided to run in 2016. he said that on nbc's meet the press yesterday and that would be like trying to inwith the super bowl. he said if clinton decides to run, he is sure she would get the nomination although he joked that's the same thing he thought in 2008. the national minorah is lit. last night on the second day of hanukkah, south of the white house. rabbi shantob has kicked off that lighting for more than 20 years. we...
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don't republicans, some republicans want susan rice to be the next secretary of state replacing hillary clinton? in the past, top democrats claimed she's only being criticized because she's black. >> you know, these are code words. that's kinds of terms, those of us, especially those of white house have born and raised in the south, we are hear these words and phrases all of our lives and we get insulted by them. susan rice is as competent as anybody you will find. she was wrong for doing it. but don't call her incompetent. that is something totally different. >> steve: is that really the case? here to comment is senior fellow at the hoover institution, victor davis hanson. pleasure to have you. thank you very much. >> thank you for having me. >> steve: what do you think of that? >> sharon rice wasn't on tv shortly after the benghazi attack, and not just declared u about emphatically declared that it was a result of spontaneous demonstration. i think all america as they saw her say that, couldn't believe it. people don't bring povertyars to demonstrations. >> steve: absolutely. you would think
don't republicans, some republicans want susan rice to be the next secretary of state replacing hillary clinton? in the past, top democrats claimed she's only being criticized because she's black. >> you know, these are code words. that's kinds of terms, those of us, especially those of white house have born and raised in the south, we are hear these words and phrases all of our lives and we get insulted by them. susan rice is as competent as anybody you will find. she was wrong for doing...
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clinton will likely sign on to work with her husband at the clinton foundation for a while and could possibly write a book about her time as secretary of state. >>> speaking of political contenders, there could be a bruising and very entertaining battle just around the corner in new jersey. newark mayor cory booker says he will decide in the next two weeks whether he plans or not plans to challenge governor chris christie next year. >> i am absolutely considering running for governor as well as giving other options some consideration. >> if you decide not to run for governor, is there any chance you might run for another office, say senate, for example? >> yeah, i'm actually looking at that a lot as well and trying to give back because life ultimately is not about a position it's about a purpose. my purpose that i try to focus on every single day is how can i make a difference in the world around me and the community around me. i'm really thinking about both offices right now and which one can i better serve on the issues that i'm passionate about and the things i feel driven to cont
clinton will likely sign on to work with her husband at the clinton foundation for a while and could possibly write a book about her time as secretary of state. >>> speaking of political contenders, there could be a bruising and very entertaining battle just around the corner in new jersey. newark mayor cory booker says he will decide in the next two weeks whether he plans or not plans to challenge governor chris christie next year. >> i am absolutely considering running for...
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the trips and meetings of hillary clinton with the u.n. and her russian counterpart, there's no hope for a diplomatic solution. instead what the people talk about are the suffering of the people. this house was bombed by mistake. the people who lived here lived next to a rebel commander. now they're homeless. there is also tremendous economic difficulties here. the syrian currency is worth about half of what it was worth when the war began. a loaf of bread costs 20 times what it did just a few months ago. but despite all of this the rebels are making advances. they say they hope to soon control the city of aleppo, the country's commercial capital. after that, damascus. richard engel, nfc news. >>> this morning latin music fans around the world are lourng the death of jenny rivera. the 43-year-old grammy nominee and six others died early sunday when their small plane crashed in rough terrain in northern mexico. she performed a concert inman tore ray hours before the plane took off. the leer jet reportedly lost contact with air traffic contr
the trips and meetings of hillary clinton with the u.n. and her russian counterpart, there's no hope for a diplomatic solution. instead what the people talk about are the suffering of the people. this house was bombed by mistake. the people who lived here lived next to a rebel commander. now they're homeless. there is also tremendous economic difficulties here. the syrian currency is worth about half of what it was worth when the war began. a loaf of bread costs 20 times what it did just a few...
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i mean,if their competitor in '16 is going to be hillary clinton, supported by bill clinton and presumably a still relatively popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. and it's part of this cultural thing with our consultants. you start out thinking giving away 47% of the country, by the way, which included retirees, veterans. you know, it was an absurdity. and i think this is much more than mitt romney. we didn't blow it because of mitt romney. we blew it because of a party which has refused to engage the reality of american life and refused to take -- to think through what the average american needs for a better future. >> but recall what you said about 1964. in december 1964, lyndon johnson was re-elected. goldwater was finished. it was the end of the republican party. and at the end, the republicans nominated a man named richard nixon. and he became president. unthinkable. >> so you can have a tcampaign between hillary clinton and jeb bush, representing 36 years of bushes on n
i mean,if their competitor in '16 is going to be hillary clinton, supported by bill clinton and presumably a still relatively popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. and it's part of this cultural thing with our consultants. you start out thinking giving away 47% of the country, by the way, which included retirees, veterans. you know, it was an absurdity. and i think this is much...
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Dec 10, 2012
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if the bush tax cuts lapse it goes to 39.6%, the rate under bill clinton. some say go to 37%. >> that's the deal that obama says he would come down to, 37. the republicans say raise medicare eligibility. the left is completing freaking out over raising medicare eligibility and the right is freaking out about the tax rates. so they have to decide. the administration is clear that the tax rates have to go up. obama has given in on this before and so there's pressure on him. there's a lot of pressure on house democrats so i think if they can come to some sort of agreement on the rate and if republicans are willing to push the other stuff to next year, that's a deal. i mean -- >> but i think what argues against a big deal that includes any sort of cuts for instance up front on the entitlement side is republicans, if tax -- tax rates are going up either way either because you're going over a cliff or because the president will force you into a deal. they don't want to take responsibility for the economic fallout that comes. so if they agree to a big deal that in
if the bush tax cuts lapse it goes to 39.6%, the rate under bill clinton. some say go to 37%. >> that's the deal that obama says he would come down to, 37. the republicans say raise medicare eligibility. the left is completing freaking out over raising medicare eligibility and the right is freaking out about the tax rates. so they have to decide. the administration is clear that the tax rates have to go up. obama has given in on this before and so there's pressure on him. there's a lot of...
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Dec 10, 2012
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a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed completely since 1995. guest: i would point out all the focus is on the house. how are you going to get it through the senate? mitch mcconnell is in a tough position. harry reid, he has some people who loves his job. he would like to be along with the progressives. i look at this and i worry because in the camp that believes going over the cliff -- the united states will enter a new recession. i do not see the basic associations on the house and senate side that would write the legislation and pass it. host: so far the markets of not reacted. does that hurt the pressure of a congress often feels? gues
a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed...
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Dec 10, 2012
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he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have done what the republican, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of it, but but the reality is the republican party has nt come up with a rejoinder, a response to a, if you will, a socialist redistributionist president who right now claims e field is on because the is no other standard flying over that field. there is a speaker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying aout 40 percent of the income tax. the top 25 percentare paying 87% of the income tax. it dos not get any better than that. this is under the bush ax rates. you eliminate those tax rates and you will get les
he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have done what the republican, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of it, but but the reality is the republican party has nt come up with a rejoinder, a response to a, if you will, a socialist redistributionist president who right now claims e field is on because...
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Dec 10, 2012
12/12
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president obama's core demand is putting the top marginal income rates back to clinton era levels after december 1st while the house speaker delivered a proposal that offered up to $800 billion in new revenue from closing loopholes and capping deductions for wealthier americans. however, democrats insist the speaker's plan is not enough. >> fox 5 political analyst mark plotkin joining us now to help sort out what went on between the president and house speaker john boehner today. it was looking pretty hopeless friday, now this, so what has actually changed? >> this is actual progress. you remember house speaker boehner said i'm here to give you a progress report. that was on friday, no progress and now they're actually meeting and you're hearing from republican senators and these are not far left wing republicans like senator corker of tennessee and senator colburn. you can't get any more conservative from oklahoma and congressman tom cole of oklahoma saying look, maybe these rate increases we should do something. maybe they won't go up to 39.6, but they'll go above 36, maybe 37 and in
president obama's core demand is putting the top marginal income rates back to clinton era levels after december 1st while the house speaker delivered a proposal that offered up to $800 billion in new revenue from closing loopholes and capping deductions for wealthier americans. however, democrats insist the speaker's plan is not enough. >> fox 5 political analyst mark plotkin joining us now to help sort out what went on between the president and house speaker john boehner today. it was...
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Dec 10, 2012
12/12
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hillary clinton about 2016. she says that it is flattering, i'm not interested. >> she does not really say that. anybody who saw the video that introduced her at the conference last weekend would have no doubt that she has least thinking seriously about running. it is like the video that you show at a convention. >> a week is a lifetime in politics, and 3 or four years is literally an eternity. but hillary clinton is remarkably advantageous position at this moment. one that would have been unimaginable after the disastrous campaign, and let's be frank, internally it was a disastrous campaign in 2008, where she started out as the prohibitive front-runner and favorite. but now she is rehabilitated. there are second acts in america. she has had a second act and it has been terrific. >> i recall that prior to that election we were talking about hillary clinton and rudy giuliani as the candidates, prohibited the favorites. >> in that election i said neither one would be the nominee and that turned out to be the k str
hillary clinton about 2016. she says that it is flattering, i'm not interested. >> she does not really say that. anybody who saw the video that introduced her at the conference last weekend would have no doubt that she has least thinking seriously about running. it is like the video that you show at a convention. >> a week is a lifetime in politics, and 3 or four years is literally an eternity. but hillary clinton is remarkably advantageous position at this moment. one that would...
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Dec 10, 2012
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the state department doesn't cope with those situations as well as maybe they should, and secretary clinton came forward and said on some levels, you know, taking speedometer for that -- responsibility for that, and presumably, there's investigations, and people will look into how to better protect the bureaucracy work better for -- to protect u.s. diplomats. one has to say against that that, you know, if you look at the record against how many foreign officers killed in the line of duty or ambassadors, it's very few. they must be doing a good -- a very good job in many instances, but there seem to be certain types of situations which are more prone to there to be breakdowns. when i was based in tripoli, we had no virtually no protection whatsoever. we wrote similar cables says, you know, can you please, yes, we understand gadhafi's security app rase toc is prevalent, but that mean we're not exposed? a lot of people were relieved when our tours were over for that reason. there's antedotes of not just me saying this, but from all over the place, all over the place is an exaggeration. the mid
the state department doesn't cope with those situations as well as maybe they should, and secretary clinton came forward and said on some levels, you know, taking speedometer for that -- responsibility for that, and presumably, there's investigations, and people will look into how to better protect the bureaucracy work better for -- to protect u.s. diplomats. one has to say against that that, you know, if you look at the record against how many foreign officers killed in the line of duty or...
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Dec 10, 2012
12/12
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but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give some on rates. you have to give some on structural eltitlement reforms. the problem is, it's the president who sets the groundwork for that discussion. and right now republicans think the president's undermining that possible conversation by an unreasonable first setef demands, procedural changes that would make them irrelevant. the art of the deal involves giving people a soft place to land. and right now, republicans aren't seeing a soft place to land. their only option is humiliation in this process, and they're increasingly thinking that the president sees victory at the bottom of the fiscal cliff. >> but remem
but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'll give...
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Dec 10, 2012
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would you accept returning to the clinton rate of 39.6%? or, would you accept something, perhaps, a mid point, 37% or starting with people who make $500,000, rather than 250? >> well, chris, there is a growing group of folks, that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that is it. the presidency and the senate, is in the democrats' hands, and a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase, that he is talking about, rate increase on the top 2% and all of a sudden the shift goes back to entitlements, and all of a sudden once you give him the right on the top 2%, it is actually much lesser tax increase than what he has been talking about, the focus then shifts to entitlements and maybe it puts us in a place where we actually can do something that really saves the nation, so, there is a growing body, i actually am beginning to believe that is the best rout
would you accept returning to the clinton rate of 39.6%? or, would you accept something, perhaps, a mid point, 37% or starting with people who make $500,000, rather than 250? >> well, chris, there is a growing group of folks, that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that is it. the presidency and the senate, is in the democrats' hands, and a lot of people are putting forth a theory...
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Dec 9, 2012
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as secretary of state hillary clinton points out. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syria automatically denies it intends to use chemical weapons against its its own peo whether rebel or nonrebel, quote. syria stresses again, for the 10th, the 100th time, that if we had such weapons, they would not be used against its people. we would people. whether suicide. we fear there is a conspiracy to provide a pretext for any subsequent interventions against syria by these countries that are increasing pressure on syria. unquote. so sasaid syria's deputy foreig minister faisal miqdad. >> it should be noted that the rebels who are fighting the troops of assad are themselves part of the same country. >> that's right. >> so therefore the foreign minister saying we would never use them against our own brothers, now do you believe him or what do you think? >> i tend to believe the syrian foreign minister for this reason, john. if they did use
as secretary of state hillary clinton points out. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syria automatically denies it intends to use chemical weapons against its its own peo whether rebel or nonrebel, quote. syria stresses again, for the 10th, the 100th time, that if we had such weapons, they would not be used against its people. we...